The studio has been developing a Venom spinoff film for awhile after the character of Eddie Brock appeared in Spider-Man 3 played by Topher Grace. The Hunger Games director Gary Ross was attached to the film for awhile before moving on.

The plan is reportedly to hire a new writer to pen a new Venom screenplay and to have a different actor other than Grace play the role next time around.

There's also no word on whether or not the character would fit into the rebooted universe of The Amazing Spider-Man, but it would seem reasonable to assume that it will.

Trank was recently reported to be up for directing Fox's reboot Fantastic Four Reborn, but if this Venom news pans out it would appear that deal didn't work out.